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Bakken Oil Fields Mark Billionth Barrel of Oil

Updated: 04/29/2014 11:50 AM
Created: 04/29/2014 11:44 AM WDIO.com

BISMARCK, N.D. (AP) - State data show that 1 billion barrels of oil have been produced from the rich Bakken shale formation in western North Dakota and eastern Montana.

Drillers first targeted the Bakken in Montana in 2000 and moved into North Dakota about five years later using advanced horizontal drilling and hydraulic fracturing techniques.

Data show that North Dakota has tallied 852 million barrels of Bakken crude, and Montana has produced about 151 million barrels.

The Bakken encompasses some 25,000 square miles in North Dakota, Montana, Saskatchewan and Manitoba. About two-thirds of the acreage is in western North Dakota.

Oklahoma-based Continental Resources is the biggest leaseholder in the Bakken. The company says two-thirds of the production from the Bakken has come in the past three years.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

FILE- This Nov. 6, 2013 file photo shows a Whiting Petroleum Co. pump jack pulls crude oil from the Bakken region of the Northern Plains near Bainville, Mont.
AP Photo/Matthew Brown, File

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